Great analysis by
@CamKhosravi on kinetiq:native here, very in line with my own price model
At $0.30, kinetiq:native is either a slightly overpriced LST/ $HYPE beta play or a massively underpriced $HYPE L2 ecosystem play with half a dozen lines of revenue.
Risking ~50% downside for 5x+ upside, can't really ask for a better asymmetric bet than that.